Full Circle Capital Announces Full Exercise of Option to Purchase Additional Shares of Common Stock

RYE BROOK, N.Y. - Full Circle Capital Corporation (NASDAQ:FULL) (“Full Circle”) announced the full exercise of the option granted to the underwriters to purchase additional shares of Full Circle’s common stock in connection with its previously announced public offering of 1,650,000 shares, which closed on January 17, 2014. In connection with the exercise of this option, Full Circle issued 242,300 additional shares of its common stock at a public offering price of $7.13 per share for gross proceeds of $1,727,599. Full Circle now has 9,461,682 shares of common stock outstanding.

Full Circle intends to use the net proceeds from this offering to repay debt outstanding under its credit facility, make investments in new portfolio companies in accordance with its investment objective and strategies described in the prospectus supplement and accompanying prospectus and for general corporate purposes.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), acted as the lead bookrunning manager and representative of the several underwriters for the offering. Santander Investment Securities Inc. acted as bookrunning manager for the offering and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (OTCBB:NHLD), and Maxim Group LLC acted as co-lead managers for the offering.

About Full Circle Capital

Full Circle Capital Corporation (Nasdaq:FULL) is a Rye Brook, New York based closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Full Circle lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by lower middle-market companies that operate in a diverse range of industries. Full Circle’s investment objective is to generate both current income and capital appreciation through debt and equity investments.

Forward-Looking Statements

This press release contains forward-looking statements which relate to future events or Full Circle Capital’s future performance or financial condition, including statements with regard to the anticipated use of the net proceeds of this offering. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in Full Circle’s filings with the Securities and Exchange Commission. Full Circle undertakes no obligation to update such statements to reflect subsequent events.